Mineral Resources gDesign 31 July 2023

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MINERAL RESOURCES

The Caravel Copper Project has a Measured, Indicated and Inferred JORC 2012 Mineral Resource Estimate of 1.18 billion tonnes @ 0.24% Cu and 48ppm Mo for 2.84Mt of contained copper (0.1% Cu cut-off see table below). View full details of the Mineral Resource Estimate > here.

Caravel Copper Project November 2021 Mineral Resource (using 0.1% Cu cut-off)

Grade vs. Tonnage curves for the combined Caravel Copper Project November 2021 Mineral Resource.

Caravel Copper Project Combined Grade and Tonnes